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Caracterización macro de la política fiscal en Colombia y postura frente a la crisis global (2008-2009)

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  • Luis Ignacio Lozano

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Abstract

En este trabajo se analiza la política fiscal en Colombia y la postura del gobierno frente a la crisis internacional (2008-2009). Utilizando una regla de política se concluye que la política fiscal discrecional ha sido procíclica, ha reducido su volatilidad en los últimos años y ha sido consecuente con la restricción presupuestaria intertemporal. La evidencia también indica que la autoridad fiscal no diseñó un programa contra-cíclico discrecional para compensar los efectos de la crisis y que esperó a que operaran los estabilizadores automáticos en la recuperación, parasuperar los desajustes fiscales de la coyuntura

Suggested Citation

  • Luis Ignacio Lozano, 2011. "Caracterización macro de la política fiscal en Colombia y postura frente a la crisis global (2008-2009)," Revista Cuadernos de Economía, Universidad Nacional de Colombia -FCE - CID, June.
  • Handle: RePEc:col:000093:008990
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    File URL: http://www.fce.unal.edu.co/media/files/documentos/Cuadernos/54/v30n54a03.pdf
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    References listed on IDEAS

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    1. Xavier Debrun & Jean Pisani-Ferry & André Sapir, 2008. "Government size and output volatility: should we forsake automatic stabilization?," European Economy - Economic Papers 2008 - 2015 316, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    2. Alberto Alesina & Filipe R. Campante & Guido Tabellini, 2008. "Why is Fiscal Policy Often Procyclical?," Journal of the European Economic Association, MIT Press, vol. 6(5), pages 1006-1036, September.
    3. José Luis Torres T., 2008. "La Estimación de la brecha del producto en Colombia," Investigación Conjunta-Joint Research,in: Centro de Estudios Monetarios Latinoamericanos (CEMLA) (ed.), Estimación y Uso de Variables no Observables en la Región, edition 1, volume 1, chapter 4, pages 103-132 Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    4. Ignacio Lozano & Jorge Toro, 2007. "Fiscal Policy Throughout the Cycle: The Colombian Experience," Borradores de Economia 434, Banco de la Republica de Colombia.
    5. Ignacio Lozano & Hernán Rincón & Miguel Sarmiento & Jorge Ramos, 2008. "Regla fiscal cuantitativa para consolidar y blindar las finanzas públicas de Colombia," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 10(19), pages 311-352, July-Dece.
    6. Hernán Rincón & Ignacio Lozano & Jorge Ramos, 2008. "Rentas petroleras, subsidios e impuestos a los combustibles en Colombia: ¿Qué ocurrió durante el choque reciente de precios?," Borradores de Economia 541, Banco de la Republica de Colombia.
    7. Ignacio Lozano & Jorge Toro, 2007. "Fiscal Policy Throughout The Business Cycle: The Colombian Experience," Revista ESPE - ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 25(55), pages 12-39, December.
    8. Lozano, Ignacio & Ramírez, Carolina & Guarín, Alexander, 2007. "Sostenibilidad fiscal en Colombia: una mirada hacia el mediano plazo," PERFIL DE COYUNTURA ECONÓMICA, UNIVERSIDAD DE ANTIOQUIA - CIE, July.
    9. Juan Carlos Echeverry & Jorge Alexander Bonilla & Andrés Moya, 2006. "Rigideces Institucionales Y Flexibilidad Presupuestaria: Los Casos De Argentina, Colombia, México Y Perú," DOCUMENTOS CEDE 003475, UNIVERSIDAD DE LOS ANDES-CEDE.
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    Keywords

    ciclos económicos; regla fiscal; política fiscal; déficit; superávit; pronósticos de déficit; pronósticos de deuda; Colombia.;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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